Eurozone economy stuck in doldrums | Bangkok Post: breakingnews

Eurozone economy stuck in doldrums

Published: 3 Oct 2012 at 20.49
Online news:

Eurozone private sector business activity remained firmly stuck in the doldrums in September, with the key services sector suffering a very sharp fall, a survey showed Wednesday.

A Madrid restaurant offers pizzas for one euro. Eurozone private sector business activity remained firmly stuck in the doldrums in September, with the key services sector suffering a very sharp fall, a survey shows.

The closely-watched Composite Purchasing Managers Index (PMI), a survey of 5,000 eurozone businesses compiled by Markit research firm, came in at 46.1 for September, up from an initial reading of 45.9 but down from 46.3 in August.

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lookmoo
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Discussion 3 : 04 Oct 2012 at 06.393
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nok77:

The Euro-zone crisis is man-made, made in Europe. Nothing to do with USA. The touching point is that in both USA and Europe banks and lenders seems to have diplomatic immunity. It would be natural that owners of a bank to cover any losses (like any other company have to do).

But not in this case.. tax payers money is tunneled via local governments to the banks to cover bad loans.. why?? The banks have been reckless given Greece and other PIIGS countries loans. If the banks had known that their As**es would not be covered by European tax payers this situation would be corrected 10 years ago with little alarm or concern.

Risk free capitalism does not work well.

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nok77
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Discussion 2 : 04 Oct 2012 at 01.452
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But we shouldn't forget that the real crisis started in America. Easy to blame Europe now while America is near bankruptcy. Change or no change that's were it started. Europe invested too much into bad American property. Just like China did. Anyone who believes that the USA has a solid economy should look at the facts. The only economic power is Germany. They still got things rolling. With the support of few other European partners. Greece made the mistake to let Goldman Sachs do their household. The worst decision ever. Spain and France are stuck up into bad property deals. Many with stars and stripes.

So if we talk about pulling the whole world down please Genii look a bit further. Wallstreet is the place you should start looking. Not Europe. Not matter what the US is trying to tell the world. In debts they should start clean up their own backyard. They caused it and now they try to play virgin Mary.
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genii
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Discussion 1 : 03 Oct 2012 at 21.501
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The Eurozone is pulling the entire world down with them.
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